Last C$1.53 CAD
Change Today +0.13 / 9.29%
Volume 169.8K
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As of 11:52 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

pan orient energy corp (POE) Snapshot

Open
C$1.46
Previous Close
C$1.40
Day High
C$1.58
Day Low
C$1.46
52 Week High
09/2/14 - C$2.44
52 Week Low
12/16/14 - C$1.30
Market Cap
88.4M
Average Volume 10 Days
257.9K
EPS TTM
C$0.17
Shares Outstanding
57.8M
EX-Date
08/28/12
P/E TM
9.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for PAN ORIENT ENERGY CORP (POE)

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pan orient energy corp (POE) Details

Pan Orient Energy Corp. operates as a junior oil and natural gas company in Asia and Northern Alberta. It primarily holds interests in on-shore concessions, including Concession L53 covering approximately 241,444 acres and Concession L45 covering approximately 1,990 square kilometers located in Thailand; 4 production sharing contracts onshore Indonesia; and 88 contiguous sections of heavy oil sand leases in the Sawn Lake Property located in the central Alberta Peace River Oil Sands area. The company is based in Calgary, Canada.

48 Employees
Last Reported Date: 04/14/14

pan orient energy corp (POE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$348.3K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$377.8K
Chief Operating Officer and General Manager o...
Total Annual Compensation: C$636.5K
Compensation as of Fiscal Year 2013.

pan orient energy corp (POE) Key Developments

Pan Orient Energy Corp. Announces Unaudited Consolidated Earnings Third Quarter and Nine Months Ended September 30, 2014

Pan Orient Energy Corp. announced unaudited consolidated earnings third quarter and nine months ended September 30, 2014. For the quarter, the company reported funds flow from operations of CAD 3,721,000, or CAD 0.06 per basic and diluted loss per share against CAD 4,797,000, or CAD 0.08 basic and diluted loss per share a year ago. Net loss attributed to common shareholders was CAD 363,000, or CAD 0.00 per basic and diluted loss per share against CAD 3,109,000, or CAD 0.05 per basic and diluted loss per share a year ago. Capital expenditures were CAD 3,163,000 against CAD 17,649,000 a year ago. For the nine months, the company reported funds flow from operations of CAD 12,688,000, or CAD 0.22 per basic and diluted loss per share against CAD 16,998,000, or CAD 0.30 per basic and diluted loss per share a year ago. Net loss attributed to common shareholders was CAD 695,000 or CAD 0.01 per basic and diluted loss per share against CAD 100,445,000, or CAD 1.77 per basic and diluted loss per share a year ago. Capital expenditures were CAD 18,355,000 against CAD 90,136,000 a year ago.

Pan Orient Energy Corp. and Andora Energy Corporation Provide Update on the Sawn Lake, Canada, Steam Assisted Gravity Drainage Demonstration Project

Pan Orient Energy Corp. provided an update on the Sawn Lake, Canada, steam assisted gravity drainage (SAGD) demonstration project on behalf of Andora Energy Corporation. Andora has a 50% working interest in the Sawn Lake, Alberta SAGD demonstration project, and is the operator. The first step towards determining the commercial viability of the SAGD recovery process at Sawn Lake is for the demonstration project to provide an indication of the productivity of the reservoir and the amount of steam injection required to produce the bitumen, which are key components in assessing the potential for SAGD development at Sawn Lake. For Phase 1 of the SAGD demonstration project, one SAGD well pair was drilled in the fourth quarter of 2013 to a depth of 650 meters and has a horizontal length of 780 meters. Construction of the facility for steam generation, water handling and oil treating was completed in the second quarter of 2014. Steam injection commenced May 21, 2014 to warm up the reservoir and establish communication between the SAGD steam injection well and the SAGD producing well which are five meters apart. During the past 10 days the SAGD producing well has been recompleted for production with the installation of an electric submersible pump and a fibre optic data gathering string and the reservoir has been reheated through the resumption of steam injection by the SAGD injector well. On September 16, 2014 bitumen production commenced. It is anticipated that a stable daily bitumen production rate and associated steam oil ratio will be achieved within the next six to eight weeks, at which time Pan Orient will provide an update to shareholders.

Pan Orient Energy Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Pan Orient Energy Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported oil revenue, before royalties and transportation expense of CAD 7,285,000 against CAD 8,475,000 a year ago. Funds flow from operations was CAD 4,600,000 or CAD 0.08 basic and diluted per share against CAD 6,537,000 or CAD 0.11 basic and diluted per share a year ago. Net loss attributable to common shareholders was CAD 147,000 or CAD 0.01 basic and diluted per share against net income attributable to common shareholders of CAD 97,677,000 or CAD 1.73 basic and diluted per share a year ago. Capital expenditures were CAD 4,182,000 against CAD 37,978,000 a year ago. For the six months, the company reported oil revenue, before royalties and transportation expense of CAD 14,035,000 against CAD 15,919,000 a year ago. Funds flow from operations was CAD 8,967,000 or CAD 0.16 basic and diluted per share against CAD 12,201,000 or CAD 0.21 basic and diluted per share a year ago. Net loss attributable to common shareholders was CAD 332,000 or CAD 0.01 basic and diluted per share against net income attributable to common shareholders of CAD 97,336,000 or CAD 1.72 basic and diluted per share a year ago. Capital expenditures were CAD 15,192,000 against CAD 72,847,000 a year ago.

 

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